December beef exports climbed just about 10%
16 February 2024
2 minute learn
Led through a record-shattering efficiency in Mexico and broad-based expansion in different markets, US beef exports set a worth listing in 2023, consistent with year-end knowledge launched through USDA and compiled through the USA Meat Export Federation (USMEF).
December beef exports climbed just about 10% from a yr in the past to 268,399 metric lots (mt), the biggest since Would possibly 2021 and the 8th greatest on listing. Export price greater 11% to $765.8 million, additionally the very best since Would possibly 2021 and the 3rd very best on listing. Whilst December exports trended upper in lots of key markets, Mexico used to be as soon as once more the superstar performer, surroundings information for each quantity (105,451 mt) and price ($233.8 million).
The sturdy December effects driven 2023 export price to a listing $8.16 billion, up 6% from 2022. Export price consistent with head slaughtered additionally set an annual listing of just about $64. Export quantity used to be 2.91 million mt, up 8% year-over-year and the 3rd greatest on listing.
“2023 noticed super expansion in world call for for U.S. beef, and it got here at a time when the USA business wanted it maximum,” stated USMEF president and CEO Dan Halstrom. “The growth of US beef’s presence in Mexico has been outstanding however the nice information without a doubt doesn’t finish there. We’re very inspired through the powerful call for we’ve observed all through the Western Hemisphere and in quite a lot of Asia-Pacific markets as smartly.”